Liquidator Ferrier Hodgson is seeking funds to investigate the possibility of taking legal action against former directors of the collapsed Forge Group.
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Rio Tinto goes to trial over Forge collapse
Rio Tinto has gone to trial over $185 million in claimed losses as a result of the collapse of engineering company Forge Group in 2014.
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Rio Tinto and Forge in court battle
Rio Tinto and collapsed engineering firm Forge Group are set to battle it out in court over monies owed.
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Legal action against collapsed Forge Group widens
A class action against collapsed contractor Forge Group has been widened as more shareholders take a stance.
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Clough wins collapsed Forge Rio Tinto contract
Clough has been awarded Rio Tinto's Cape Lambert power station contract following former contractor Forge Group's collapse.
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Forge Group shareholders to receive squat
Ordinary shareholders of the collapsed Forge Group will receive no payments from the sale of the company’s assets, liquidator Ferrier Hodgson revealed.
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Creditors vote to liquidate Forge Group
Forge Group will be placed into liquidation after a vote by creditors and former employees in Perth.
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Forge Group may have been trading while insolvent
An initial report into what led to the collapse of Forge Group has found the company may have been trading while insolvent as early as November 2013.
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Samsung C&T takes over Forge contract at Roy Hill mine
Lead contractor at Gina Rinehart’s Roy Hill mine, Samsung C&T, has announced it will take over the work left by the collapsed Forge Group.
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Investigation of Forge Group collapse underway
Forge Group administrators say it could take 12 months to investigate why the company failed and determine how much of the $800 million owed can be recovered.
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Class action levelled against Forge Group
Shareholders of Forge Group have been asked to participate in a class action against the company.
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Opportunities for contractor growth on the back of Forge collapse
Mining contractors say the collapse of Forge Group presents growth opportunities for other companies in the sector, with many vying to take over $1.5 billion in dumped contracts.
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Forge debts mount amid claims of iffy spending
The amount of Forge Group’s debt has risen to more than $700 million as claims surface that managers made questionable spending decisions in the months leading up to the company’s collapse.
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Forge Group cut more staff
A further 70 workers of the collapsed Forge Group have been sacked after one of the company’s remaining contracts was terminated.
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1300 Forge Group workers lose jobs
The Forge Group collapse has left 1300 people out of work as administrators confirm there is no money to pay employees.
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Roy Hill mine contract uncertain after Forge Group collapse
Gina Rinehart’s Roy Hill mine says it too early to speculate how the Forge Group collapse will impact on the $7 billion project.
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Forge Group goes into administration as ANZ withdraws support
Embattled mining services company Forge Group has gone into administration after ANZ Bank withdrew financial support for the business.
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Forge braces for loss of up to $25m
After three trading halts, numerous writedown adjustments, and project cost blowouts engineering firm Forge Group has this morning announced it is bracing for a loss of up to $25 million for the 2013/14 financial year.
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Third time lucky? Forge enters another trading halt
Mining services company Forge Group has today entered its third trading halt in as many months.
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Forge reveals profit wipe out of up to $28m
Mining services company Forge Group is expecting to be struck by an additional $23 to $28 million profit writedown for this financial year.
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